Which one of the following accurately defines a perpetuity

Reference no: EM13300627

Which one of the following accurately defines a perpetuity?

1) unending equal payments paid at equal time intervals
2) varying amounts that are paid at even intervals forever
3) unending equal payments paid at either equal or unequal time intervals
4) payments of equal amounts that are paid irregularly but indefinitely
5) a limited number of equal payments paid in even time increments

Reference no: EM13300627

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